$3,681 Closing Credit*
$310,000
1,952 SqFt
4 Beds
•1 Full Bath
Listing Office: Coldwell Banker Realty
Is 55358, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 55358 has remained a Seller's Market.
Key Takeaway
55358 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 55358, MN
How much do homes in 55358, MN cost?
Median Sold Price
$316,500
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$16,525(+5.5%)
Key Takeaway
Homes in 55358 have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in 55358 was $316,500 in December 2024, up 5.5% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $527K | $210K | -60.2% |
| 2 Bedrooms | $292.4K | $288K | -1.5% |
| 3 Bedrooms | $272.5K | $331K | +21.5% |
| 4 Bedrooms | $325K | $510.7K | +57.2% |
| 5+ Bedrooms | $315K | $585K | +85.7% |
Summary: 55358 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.2%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 21.5%, 4 bedroom homes increased by 57.2%, and 5+ bedroom homes increased by 85.7%.
Housing Supply in 55358, MN
How many homes are available in 55358, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 22 | 13 | -40.9% |
Summary: The 55358 real estate market had 13 homes for sale in December 2024, a 40.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 7 | -36.4% |
| 3 Bedrooms | 4 | 1 | -75.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 55358 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 36.4%, 3 bedroom homes decreased by 75%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 3 | -72.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 55358, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 55358 in December 2024, down by 72.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 55358, MN
How long does it take to sell a home in 55358, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 27 Days | 69 Days | +150.6% |
Summary: Homes in 55358 had an average of 69 days on market in Dec 2024, up by 150.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 55358 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 3 homes were sold in 55358; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
